>While the tech bodyshops (TCS, Infosys, etc.) might have a poor reputation in the US, these companies have been absolutely critical in helping move tens of millions into middle-class respectability

This is related to the Elephant Curve brought out by Globalization https://en.wikipedia.org/wiki/The_Elephant_Curve

That is more or less, middle classes from developing countries exploded in number. While for the developed countries, their middle class doesnt share the same fortune. The upper class however, reap heavy fortune.

Unfortunately it seems the developed countries' middle class appetite to sustain this is waning.

http://glineq.blogspot.com/2022/10/lets-go-back-to-mercantil...